Corona impact on NRL...?

[jadtiger]

Question
What effect does anyone think this will have at grassroots. Stronger or weaker.
I hope it lifts input back at this level but can't see it happening

I think it will definately hurt junior and country football.Most of the clubs live hand to mouth and any disruption to games/income will hurt badly in the short term and to a lesser but still large extent long term.
Pub/club raffles and game bbqs are still a major source of their funds plus in Sydney many if not most junior football clubs do get financial support from the parent NRL club which helps

The only way I see them seeing a positive is if nrl goes bust and the fat is trimmed right back by a new controller. Dont know for sure but I have a feeling there's a lot of wasted money across the game

There has definately been a large amount of money wasted under Greenbergs administration the most obvious one being the donation of a 15k ring to Smiths wife.Undoubtedly there have been even worse decisions than that which have been swept under the carpet.The NRL seems to be top heavy with administrators who are only in it for themselves and are very similar to our useless politicians.The referees have appeared to have massive bias and nepotism in the recent past which is hopefully changing.
When you have a badly infected wound you need to take drastic measures and this crisis may just bring that about

 

[WT2K]

The NRL has reportedly been offered a $100M bailout from the British Private Equity Firm.

https://twitter.com/NRLonNine/status/1244013567332036608?s=19

 

[gallagher]

The NRL has reportedly been offered a $100M bailout from the British Private Equity Firm.

https://twitter.com/NRLonNine/status/1244013567332036608?s=19

Some people are come out of this very rich.

 

[TrueTiger]

Stories today have the NRL players superannuation fund being 10 million short over the last 2 seasons ....NRL going to save some more money when they sack whoever is involved with that

I looked into my super 5 days ago and found that I had lost 20,000dollars off my initial balance,it has been put down to the stock exchange losses..I will take the 10,000 dollars on offer tax free to get me through this period...I may as well make the most of what I have saved for before I lose the lot and have nothing left in retirement..the other impact of this is the people in retirement already who depend on drawing down on their self funded or normal supers,rely on it to pay for golf club memberships,football club memberships and other forms of recreation during retirement,many of these will pull the plug on these things as the economy gets tighter..
It may all be well and good to say we will get over this,but just stop and realise how much this has affected the global economy which Australia heavily invests in...without being morbid and trying to stay positive,I think there is a tough road ahead of us,some are going to suffer more than others,but remember we are all in this together and if you feel a heavy strain make sure you get help,we all need it some time...

 

[WT2K]

The NRL has reportedly been offered a $100M bailout from the British Private Equity Firm.

https://twitter.com/NRLonNine/status/1244013567332036608?s=19

Can read the article here if interested
https://www.reddit.com/r/nrl/comments/fqvhtz/nrl_offered_100m_emergency_fund_to_bail_out/?utm_medium=android_app&utm_source=share

 

[Geo]

Stories today have the NRL players superannuation fund being 10 million short over the last 2 seasons ....NRL going to save some more money when they sack whoever is involved with that

I looked into my super 5 days ago and found that I had lost 20,000dollars off my initial balance,it has been put down to the stock exchange losses..I will take the 10,000 dollars on offer tax free to get me through this period...I may as well make the most of what I have saved for before I lose the lot and have nothing left in retirement..the other impact of this is the people in retirement already who depend on drawing down on their self funded or normal supers,rely on it to pay for golf club memberships,football club memberships and other forms of recreation during retirement,many of these will pull the plug on these things as the economy gets tighter..
It may all be well and good to say we will get over this,but just stop and realise how much this has affected the global economy which Australia heavily invests in...without being morbid and trying to stay positive,I think there is a tough road ahead of us,some are going to suffer more than others,but remember we are all in this together and if you feel a heavy strain make sure you get help,we all need it some time...

You have to be careful withdrawing your super now and way up the cost as you will not receive the accumulated interest and tax benefits later on..

 

[WT2K]

Talk on the Frizell deal by Riccio and then salary cap and potential for current deals to be null and void by Brent Read. https://twitter.com/NRLonNine/status/1244096743886802947?s=09

 

[cochise]

Stories today have the NRL players superannuation fund being 10 million short over the last 2 seasons ....NRL going to save some more money when they sack whoever is involved with that

I looked into my super 5 days ago and found that I had lost 20,000dollars off my initial balance,it has been put down to the stock exchange losses..I will take the 10,000 dollars on offer tax free to get me through this period...I may as well make the most of what I have saved for before I lose the lot and have nothing left in retirement..the other impact of this is the people in retirement already who depend on drawing down on their self funded or normal supers,rely on it to pay for golf club memberships,football club memberships and other forms of recreation during retirement,many of these will pull the plug on these things as the economy gets tighter..
It may all be well and good to say we will get over this,but just stop and realise how much this has affected the global economy which Australia heavily invests in...without being morbid and trying to stay positive,I think there is a tough road ahead of us,some are going to suffer more than others,but remember we are all in this together and if you feel a heavy strain make sure you get help,we all need it some time...

You have to be careful withdrawing your super now and way up the cost as you will not receive the accumulated interest and tax benefits later on..

Yes depending on your age you are not really withdrawing $10000, it is more likely to cost you upwards of $30-60000 in the long run based on your age!

 

[TrueTiger]

Stories today have the NRL players superannuation fund being 10 million short over the last 2 seasons ....NRL going to save some more money when they sack whoever is involved with that

I looked into my super 5 days ago and found that I had lost 20,000dollars off my initial balance,it has been put down to the stock exchange losses..I will take the 10,000 dollars on offer tax free to get me through this period...I may as well make the most of what I have saved for before I lose the lot and have nothing left in retirement..the other impact of this is the people in retirement already who depend on drawing down on their self funded or normal supers,rely on it to pay for golf club memberships,football club memberships and other forms of recreation during retirement,many of these will pull the plug on these things as the economy gets tighter..
It may all be well and good to say we will get over this,but just stop and realise how much this has affected the global economy which Australia heavily invests in...without being morbid and trying to stay positive,I think there is a tough road ahead of us,some are going to suffer more than others,but remember we are all in this together and if you feel a heavy strain make sure you get help,we all need it some time...

You have to be careful withdrawing your super now and way up the cost as you will not receive the accumulated interest and tax benefits later on..

Yes depending on your age you are not really withdrawing $10000, it is more likely to cost you upwards of $30-60000 in the long run based on your age!

Im 3 years off retirement age Cochise 10k now to get me through wont make that much difference seeing I lost 20 k in one hit without knowing it until 5 days ago..

 

[cochise]

Stories today have the NRL players superannuation fund being 10 million short over the last 2 seasons ....NRL going to save some more money when they sack whoever is involved with that

I looked into my super 5 days ago and found that I had lost 20,000dollars off my initial balance,it has been put down to the stock exchange losses..I will take the 10,000 dollars on offer tax free to get me through this period...I may as well make the most of what I have saved for before I lose the lot and have nothing left in retirement..the other impact of this is the people in retirement already who depend on drawing down on their self funded or normal supers,rely on it to pay for golf club memberships,football club memberships and other forms of recreation during retirement,many of these will pull the plug on these things as the economy gets tighter..
It may all be well and good to say we will get over this,but just stop and realise how much this has affected the global economy which Australia heavily invests in...without being morbid and trying to stay positive,I think there is a tough road ahead of us,some are going to suffer more than others,but remember we are all in this together and if you feel a heavy strain make sure you get help,we all need it some time...

You have to be careful withdrawing your super now and way up the cost as you will not receive the accumulated interest and tax benefits later on..

Yes depending on your age you are not really withdrawing $10000, it is more likely to cost you upwards of $30-60000 in the long run based on your age!

Im 3 years off retirement age Cochise 10k now to get me through wont make that much difference seeing I lost 20 k in one hit without knowing it until 5 days ago..

It will make a difference if the market bounces back between now and then but not as big as it would if you were further away from retirement. In saying that I will probably access a little of mine as well as I have a fair amount in my super as well.

One thing you need to remember though is that $20k isn't actually lost until you take it out of the super fund. If the market bounces back then so too does that $20k!

 

[mike]

Stories today have the NRL players superannuation fund being 10 million short over the last 2 seasons ....NRL going to save some more money when they sack whoever is involved with that

I looked into my super 5 days ago and found that I had lost 20,000dollars off my initial balance,it has been put down to the stock exchange losses..I will take the 10,000 dollars on offer tax free to get me through this period...I may as well make the most of what I have saved for before I lose the lot and have nothing left in retirement..the other impact of this is the people in retirement already who depend on drawing down on their self funded or normal supers,rely on it to pay for golf club memberships,football club memberships and other forms of recreation during retirement,many of these will pull the plug on these things as the economy gets tighter..
It may all be well and good to say we will get over this,but just stop and realise how much this has affected the global economy which Australia heavily invests in...without being morbid and trying to stay positive,I think there is a tough road ahead of us,some are going to suffer more than others,but remember we are all in this together and if you feel a heavy strain make sure you get help,we all need it some time...

You have to be careful withdrawing your super now and way up the cost as you will not receive the accumulated interest and tax benefits later on..

Yes depending on your age you are not really withdrawing $10000, it is more likely to cost you upwards of $30-60000 in the long run based on your age!

Im 3 years off retirement age Cochise 10k now to get me through wont make that much difference seeing I lost 20 k in one hit without knowing it until 5 days ago..

It will make a difference if the market bounces back between now and then but not as big as it would if you were further away from retirement. In saying that I will probably access a little of mine as well as I have a fair amount in my super as well.

One thing you need to remember though is that $20k isn't actually lost until you take it out of the super fund. If the market bounces back then so too does that $20k!

I’m in a similar boat to @TrueTiger, not far from retirement age. The bounce back is a big IF though, depending how long the current situation goes on for and how deep the losses are. If we look at history the bounce back could be anything from a few months, best case, up to a decade, worst case. I lost about 10% before I could convert my Super holdings to cash, I would have lost a lot more without the time available to recover. I don’t have a lot of Super anyway. It’s a tricky one but I’m happy with my decision. Cash is king at the moment.

 

[cochise]

Stories today have the NRL players superannuation fund being 10 million short over the last 2 seasons ....NRL going to save some more money when they sack whoever is involved with that

I looked into my super 5 days ago and found that I had lost 20,000dollars off my initial balance,it has been put down to the stock exchange losses..I will take the 10,000 dollars on offer tax free to get me through this period...I may as well make the most of what I have saved for before I lose the lot and have nothing left in retirement..the other impact of this is the people in retirement already who depend on drawing down on their self funded or normal supers,rely on it to pay for golf club memberships,football club memberships and other forms of recreation during retirement,many of these will pull the plug on these things as the economy gets tighter..
It may all be well and good to say we will get over this,but just stop and realise how much this has affected the global economy which Australia heavily invests in...without being morbid and trying to stay positive,I think there is a tough road ahead of us,some are going to suffer more than others,but remember we are all in this together and if you feel a heavy strain make sure you get help,we all need it some time...

You have to be careful withdrawing your super now and way up the cost as you will not receive the accumulated interest and tax benefits later on..

Yes depending on your age you are not really withdrawing $10000, it is more likely to cost you upwards of $30-60000 in the long run based on your age!

Im 3 years off retirement age Cochise 10k now to get me through wont make that much difference seeing I lost 20 k in one hit without knowing it until 5 days ago..

It will make a difference if the market bounces back between now and then but not as big as it would if you were further away from retirement. In saying that I will probably access a little of mine as well as I have a fair amount in my super as well.

One thing you need to remember though is that $20k isn't actually lost until you take it out of the super fund. If the market bounces back then so too does that $20k!

I’m in a similar boat to @TrueTiger, not far from retirement age. The bounce back is a big IF though, depending how long the current situation goes on for and how deep the losses are. If we look at history the bounce back could be anything from a few months, best case, up to a decade, worst case. I lost about 10% before I could convert it to cash, I would have lost a lot more without the time available to recover. I don’t have a lot of Super anyway. It’s a tricky one but I’m happy with my decision. Cash is king at the moment.

I think if we have a vaccine by the end of the year the market will bounce back quite well, especially if governments continue with stimulus to get us through. The worry is how poorly the US has handled this and the large influence they have on world markets.

In regards to super you just have to be careful because as soon as you remove that money you are locking in your losses.

 

[mike]

Stories today have the NRL players superannuation fund being 10 million short over the last 2 seasons ....NRL going to save some more money when they sack whoever is involved with that

I looked into my super 5 days ago and found that I had lost 20,000dollars off my initial balance,it has been put down to the stock exchange losses..I will take the 10,000 dollars on offer tax free to get me through this period...I may as well make the most of what I have saved for before I lose the lot and have nothing left in retirement..the other impact of this is the people in retirement already who depend on drawing down on their self funded or normal supers,rely on it to pay for golf club memberships,football club memberships and other forms of recreation during retirement,many of these will pull the plug on these things as the economy gets tighter..
It may all be well and good to say we will get over this,but just stop and realise how much this has affected the global economy which Australia heavily invests in...without being morbid and trying to stay positive,I think there is a tough road ahead of us,some are going to suffer more than others,but remember we are all in this together and if you feel a heavy strain make sure you get help,we all need it some time...

You have to be careful withdrawing your super now and way up the cost as you will not receive the accumulated interest and tax benefits later on..

Yes depending on your age you are not really withdrawing $10000, it is more likely to cost you upwards of $30-60000 in the long run based on your age!

Im 3 years off retirement age Cochise 10k now to get me through wont make that much difference seeing I lost 20 k in one hit without knowing it until 5 days ago..

It will make a difference if the market bounces back between now and then but not as big as it would if you were further away from retirement. In saying that I will probably access a little of mine as well as I have a fair amount in my super as well.

One thing you need to remember though is that $20k isn't actually lost until you take it out of the super fund. If the market bounces back then so too does that $20k!

I’m in a similar boat to @TrueTiger, not far from retirement age. The bounce back is a big IF though, depending how long the current situation goes on for and how deep the losses are. If we look at history the bounce back could be anything from a few months, best case, up to a decade, worst case. I lost about 10% before I could convert it to cash, I would have lost a lot more without the time available to recover. I don’t have a lot of Super anyway. It’s a tricky one but I’m happy with my decision. Cash is king at the moment.

I think if we have a vaccine by the end of the year the market will bounce back quite well, especially if governments continue with stimulus to get us through. The worry is how poorly the US has handled this and the large influence they have on world markets.

In regards to super you just have to be careful because as soon as you remove that money you are locking in your losses.

It’s not even when you remove your money, it’s when you move from shares that would increase/decrease in value to cash investments (which don’t usually change much) you are locking in the current loss.

 

[Cairnstigers]

Look why can't we mess with some stuff ...get the players to play on 4 day turnarounds ...maybe limit players to 12 of the 15 games ....extend the 30 man squads

You could have a game every night ..and still be finished by early mid November and then play 3 SOO games


Solved

I would find a way to play something, set teams up in pools and play it like a world cup, have a straight knockout comp! Fit something in even if its only played over a month!

Noooooooooooooooooo

 

[Fade.To.Black]

Question
What effect does anyone think this will have at grassroots. Stronger or weaker.
I hope it lifts input back at this level but can't see it happening

I think it will definately hurt junior and country football.Most of the clubs live hand to mouth and any disruption to games/income will hurt badly in the short term and to a lesser but still large extent long term.
Pub/club raffles and game bbqs are still a major source of their funds plus in Sydney many if not most junior football clubs do get financial support from the parent NRL club which helps

The only way I see them seeing a positive is if nrl goes bust and the fat is trimmed right back by a new controller. Dont know for sure but I have a feeling there's a lot of wasted money across the game

There has definately been a large amount of money wasted under Greenbergs administration the most obvious one being the donation of a 15k ring to Smiths wife.Undoubtedly there have been even worse decisions than that which have been swept under the carpet.The NRL seems to be top heavy with administrators who are only in it for themselves and are very similar to our useless politicians.The referees have appeared to have massive bias and nepotism in the recent past which is hopefully changing.
When you have a badly infected wound you need to take drastic measures and this crisis may just bring that about

Best post.
Massive mismanagement of funds for the whole of Greenberg's tenure at the very least. Needs to be thoroughly investigated and Greenberg's shiny, smug head needs to be slammed on the chopping block.
Get rid of the useless, spineless, shifty gimp once and for all.

 

[hobbo1]

Question
What effect does anyone think this will have at grassroots. Stronger or weaker.
I hope it lifts input back at this level but can't see it happening

I think it will definately hurt junior and country football.Most of the clubs live hand to mouth and any disruption to games/income will hurt badly in the short term and to a lesser but still large extent long term.
Pub/club raffles and game bbqs are still a major source of their funds plus in Sydney many if not most junior football clubs do get financial support from the parent NRL club which helps

The only way I see them seeing a positive is if nrl goes bust and the fat is trimmed right back by a new controller. Dont know for sure but I have a feeling there's a lot of wasted money across the game

There has definately been a large amount of money wasted under Greenbergs administration the most obvious one being the donation of a 15k ring to Smiths wife.Undoubtedly there have been even worse decisions than that which have been swept under the carpet.The NRL seems to be top heavy with administrators who are only in it for themselves and are very similar to our useless politicians.The referees have appeared to have massive bias and nepotism in the recent past which is hopefully changing.
When you have a badly infected wound you need to take drastic measures and this crisis may just bring that about

Best post.
Massive mismanagement of funds for the whole of Greenberg's tenure at the very least. Needs to be thoroughly investigated and Greenberg's shiny, smug head needs to be slammed on the chopping block.
Get rid of the useless, spineless, shifty gimp once and for all.

EPL have 120 staffers managing the business
NRL have 400 ?...jobs for the boys

 

[Cultured_Bogan]

Just read a fox article by Ben Ikin. Saying one club has already seeked legal advice on when it can stop playing players. Lot of pain to come across the code in these times.

The reality is this is what the majority of the country faces. Why should NRL players be exempt?

Unlike most of us in our jobs, NRL players have a contract which is legally binding

Isn't it funny that many players don't have a problem with breaking a contract when it suits them and their wants

Now the shoes on the other foot and it's not acceptable for the clubs to break the contract

By the sounds of it there may be an agreement reached for some kind of ongoing pay to the players
Let's hope is a good outcome for all

I have a full time employment contract. If things get gnarly I will be working less hours for less pay or I will be at home without pay if the business suspends operations.

Players won't get paid if all the club's and the league go broke.

 

[cochise]

Question
What effect does anyone think this will have at grassroots. Stronger or weaker.
I hope it lifts input back at this level but can't see it happening

I think it will definately hurt junior and country football.Most of the clubs live hand to mouth and any disruption to games/income will hurt badly in the short term and to a lesser but still large extent long term.
Pub/club raffles and game bbqs are still a major source of their funds plus in Sydney many if not most junior football clubs do get financial support from the parent NRL club which helps

The only way I see them seeing a positive is if nrl goes bust and the fat is trimmed right back by a new controller. Dont know for sure but I have a feeling there's a lot of wasted money across the game

There has definately been a large amount of money wasted under Greenbergs administration the most obvious one being the donation of a 15k ring to Smiths wife.Undoubtedly there have been even worse decisions than that which have been swept under the carpet.The NRL seems to be top heavy with administrators who are only in it for themselves and are very similar to our useless politicians.The referees have appeared to have massive bias and nepotism in the recent past which is hopefully changing.
When you have a badly infected wound you need to take drastic measures and this crisis may just bring that about

Best post.
Massive mismanagement of funds for the whole of Greenberg's tenure at the very least. Needs to be thoroughly investigated and Greenberg's shiny, smug head needs to be slammed on the chopping block.
Get rid of the useless, spineless, shifty gimp once and for all.

EPL have 120 staffers managing the business
NRL have 400 ?...jobs for the boys

Does that 400 include people in development officer roles?

 

[hobbo1]

Question
What effect does anyone think this will have at grassroots. Stronger or weaker.
I hope it lifts input back at this level but can't see it happening

I think it will definately hurt junior and country football.Most of the clubs live hand to mouth and any disruption to games/income will hurt badly in the short term and to a lesser but still large extent long term.
Pub/club raffles and game bbqs are still a major source of their funds plus in Sydney many if not most junior football clubs do get financial support from the parent NRL club which helps

The only way I see them seeing a positive is if nrl goes bust and the fat is trimmed right back by a new controller. Dont know for sure but I have a feeling there's a lot of wasted money across the game

There has definately been a large amount of money wasted under Greenbergs administration the most obvious one being the donation of a 15k ring to Smiths wife.Undoubtedly there have been even worse decisions than that which have been swept under the carpet.The NRL seems to be top heavy with administrators who are only in it for themselves and are very similar to our useless politicians.The referees have appeared to have massive bias and nepotism in the recent past which is hopefully changing.
When you have a badly infected wound you need to take drastic measures and this crisis may just bring that about

Best post.
Massive mismanagement of funds for the whole of Greenberg's tenure at the very least. Needs to be thoroughly investigated and Greenberg's shiny, smug head needs to be slammed on the chopping block.
Get rid of the useless, spineless, shifty gimp once and for all.

EPL have 120 staffers managing the business
NRL have 400 ?...jobs for the boys

Does that 400 include people in development officer roles?

Don’t know ...just was said said in sport on the news .
I do know that junior development officers are paid by the clubs as I know one .

 

[OzLuke]

Just read a fox article by Ben Ikin. Saying one club has already seeked legal advice on when it can stop playing players. Lot of pain to come across the code in these times.

The reality is this is what the majority of the country faces. Why should NRL players be exempt?

Unlike most of us in our jobs, NRL players have a contract which is legally binding

Isn't it funny that many players don't have a problem with breaking a contract when it suits them and their wants

Now the shoes on the other foot and it's not acceptable for the clubs to break the contract

By the sounds of it there may be an agreement reached for some kind of ongoing pay to the players
Let's hope is a good outcome for all

I have a full time employment contract. If things get gnarly I will be working less hours for less pay or I will be at home without pay if the business suspends operations.

Players won't get paid if all the club's and the league go broke.

I'm shocked that these guys think they are so much more important than the average punter....they think there would be no league without them?? Well without fans there would be no league.....Most of us love our footy, and would turn up to watch two teams go at each other with guts and determination who play for the love of it if that's what we had. These guys don't know how to read a room......so bloody entitled